3-8Statement of Cash Flows (2005)OPERATING ACTIVITIESNet incomeAdd (Sources of cash):DepreciationIncrease in A/PIncrease in accrualsSubtract (Uses of cash):Increase in A/RIncrease in inventoriesNet cash provided by ops.(160,176)116,960378,560353,600(280,960)(572,160)(164,176)

3-9Statement of Cash Flows (2005)L-T INVESTING ACTIVITIESInvestment in fixed assetsFINANCING ACTIVITIESIncrease in notes payableIncrease in long-term debtPayment of cash dividendNet cash from financingNET CHANGE IN CASHPlus: Cash at beginning of yearCash at end of year(711,950)436,808400,000(11,000)825,808(50,318)57,6007,282

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